Tesla overtake Amazon?

[Vishnu.Reang]

Testla shares has soar way more % gain than Amazoon Stock 

That's true. But right now, Tesla is looking like the most overpriced asset in this planet. For Tesla, the annual revenues as per their report in 2019 stood at less than $25 billion. The net income was negative, and stood at -$0.9 billion. On the other hand, for Amazon the annual revenues for 2019 stood at $281 billion and the net income (after taxation) stood at $11.6 billion. Both of them can't even be compared. The revenues for AMZN is more than 11 times that of TSLA. But people are accumulating the TSLA stock like there is no tomorrow.

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[Xardasim]

Elon Musk becomes world's richest person, Tesla becomes world's most valuable.

Tesla: https://twitter.com/teslaownersSV/status/1347201514930991105?s=19

Elon Musk: https://twitter.com/elonmusk/status/1347204459147902978?s=19

For more information: https://www.google.com/amp/s/m.hindustantimes.com/business-news/elon-musk-crowned-world-s-wealthiest-here-are-9-other-richest-persons-on-the-planet/story-F5f02hIZ4B08hdyPvD0iHM_amp.html

     
     WHAT HAS HAPPENED?
Elon Musk edge past Amazon founder Jeff Bezos to grab the title of world's richest person, according to Bloomberg.

Recently I have heard about it too. The hype is at its peak. If I remember correctly, Tesla's shares have increased by %1200 -%1400 in the last 2 years. Even volatile Bitcoin has not risen this much in the last 2 years. lol So have you seen this?

At the end: https://in.news.yahoo.com/elon-musk-tweets-signal-followers-095022257.html

[bryant.coleman]

The magic of markets. everything can be changed really fast. However, i think in the mid term amazon will be back to first place again

In terms of revenue and profit, Amazon is far ahead of Tesla. The current valuation of Tesla doesn't make any sense, and it looks as if they are making money out of thin air. Stock market as a whole is looking like an inflated bubble, but that is the case with almost all the other sectors (even with cryptocurrency). I have a feeling that a market crash can be expected sometime soon.

[Natsuu]

The magic of markets. everything can be changed really fast. However, i think in the mid term amazon will be back to first place again

This is why the title in this post is misleading. Tesla didn't overtake Amazon in the first place. The only Musk overtaking the position of richest man from Bezos.

But it is also your fault for not reading the context of the post, and start commenting on your statements which is clearly false and not even close to reality.

The only thing why we see magic in the market, is due to the unpredictability of the prices. If it is not in our favor, its an omen, otherwise it is a magic/miracle.

[jaysabi]

I don't have anything against Tesla (TSLA), but it is the most overpriced stock I could find in the market. The P/E ratio is more than 1,700, which is almost a hundred times the average level. AMZN also looks overpriced, with a P/E of more than 90, but not anyway near those levels for Tesla. The next time when a major market crash occurs, these stocks are going to drop like crazy.

While I agree with your conclusion that Tesla is grossly overvalued, you will often see absolutely insane PE ratios for high growth tech stocks, which is how Tesla is valued vs. being valued as a car company. Whether or not you agree that's appropriate, that's what it is.

Do you have an example?

Whatever tech stock I checked has around 30-50 PE ratio.

1700 is just batshit insane.

Sure. Besides Tesla (TSLA), Amazon (AMZN)'s PE ratio was non-existent for a long time because it took so long to become profitable and then it was insane until very recently (currently 90 as it is with unprecedented profitability spurred by the pandemic), MercadoLibre (MELI) is currently above 1500, Shopify (SHOP) is over 700, Square (SQ) is over 500. This is just a small sample but these are all high growth tech stocks that have had incredible returns for investors over the past several years. It's quite normal for these types of stocks to have absolutely insane PE ratios because they're focusing on growth and investors are counting on profits coming later. There's even more that aren't even profitable and have high valuations... Uber, Twilio, Twitter, Teladoc, etc.

[bitpop]

Isn't it crazy that Tesla had a bigger run than bitcoin!

[coolcoinz]

We'll see how much they'll lose on their future wives. These days whoever doesn't get married makes more money and gets a better position in Forbes.
Jokes aside I feel like Musk and his SpaceX are going to dominate. He took a huge risk investing in a space program and it went great. I predict that in future he's going to make more money this way than  by selling cars.

[Ridwan Fauzi]

It won't take a long time, we never know what will happen in the future. Indeed, in the current situation shares tesla has shown impressive movement and he has 18% of the number of Tesla shares.

And also, he has realized it. I see a comment from himself who stated that he is not care with the richest man on this world, he just focus on how to make a product that can be liked by most people.

[AndySt]

The magic of markets. everything can be changed really fast. However, i think in the mid term amazon will be back to first place again

In terms of revenue and profit, Amazon is far ahead of Tesla. The current valuation of Tesla doesn't make any sense, and it looks as if they are making money out of thin air. Stock market as a whole is looking like an inflated bubble, but that is the case with almost all the other sectors (even with cryptocurrency). I have a feeling that a market crash can be expected sometime soon.

This is not magic, but illusionism It would be quite funny and surreal if with the air money of capitalization Tesla bought Toyota and Volkswagen and turned really into the biggest car manufacturer in the world Some time ago, something similar was already done by Mr. Zuckerberg buying up companies left and right almost without spending money, making payment only with Facebook shares soaring in price.

[jaysabi]

The magic of markets. everything can be changed really fast. However, i think in the mid term amazon will be back to first place again

In terms of revenue and profit, Amazon is far ahead of Tesla. The current valuation of Tesla doesn't make any sense, and it looks as if they are making money out of thin air. Stock market as a whole is looking like an inflated bubble, but that is the case with almost all the other sectors (even with cryptocurrency). I have a feeling that a market crash can be expected sometime soon.

This is not magic, but illusionism It would be quite funny and surreal if with the air money of capitalization Tesla bought Toyota and Volkswagen and turned really into the biggest car manufacturer in the world Some time ago, something similar was already done by Mr. Zuckerberg buying up companies left and right almost without spending money, making payment only with Facebook shares soaring in price.

To buy Toyota, you'd have to take into account enterprise value (which takes into account the company's debt) and Tesla isn't nearly big enough to be able to buy Toyota.  On an enterprise value basis, Toyota is actually larger than Tesla. 

[Sithara007]

Sure. Besides Tesla (TSLA), Amazon (AMZN)'s PE ratio was non-existent for a long time because it took so long to become profitable and then it was insane until very recently (currently 90 as it is with unprecedented profitability spurred by the pandemic), MercadoLibre (MELI) is currently above 1500, Shopify (SHOP) is over 700, Square (SQ) is over 500. This is just a small sample but these are all high growth tech stocks that have had incredible returns for investors over the past several years. It's quite normal for these types of stocks to have absolutely insane PE ratios because they're focusing on growth and investors are counting on profits coming later. There's even more that aren't even profitable and have high valuations... Uber, Twilio, Twitter, Teladoc, etc.

Well.. I am not sure about it. The last time we had such crazy P/E ratios was in late 90s, during the dot-com bubble. And I agree that some of the companies can have such crazy ratios during the initial years. But there is no such justification for Tesla, which is more than a decade old (the Tesla IPO came out on 29th June 2010, while Musk made his investment in 2004 in the form of venture capital funding.

[sujon5]

Tesla is still far away from Amazon. Musk has only $1.5 billion more than Bezos, but he owns two companies - Tesla and SpaceX.

[davis196]

I think it is Just a matter of time. Elon musk has represented Tesla to world amazingly. Their marketing, their product development, their way to work is just awsome. They are taking the car industry to another level. In next few years they even could overtake Apple. Its not impossible. Musk's thoughts are 10 years ahead of our's. So it would not shock us if they overtake apple. Even few months ago his net worth was 20 billion. But now its more than 185 billion. So you can imagine how fastly Tesla is growing.

Tesla did a great job selling electric cars to pretentious liberals from the middle class and the higher upper class,who think that owning an electric car is "cool" and "environment-friendly",while the production of those cars and Li-ion batteries is still very dirty and polluting the environment.Great marketing,indeed.
This isn't "taking the car industry to another level".Li-ion batteries will remain very expensive in the next decades,so the electric cars will stay expensive and the working class can't afford buying such cars.

[Vaskiy]

With the Tesla's Space X Elon Musk has made his market shares peak high. This has caused him move to the top of the list. Recently he also mentioned about the selling of his own properties which he has got in different locations. His plans were much for the future than the present era, so even if he comes down in the list can expect him to top the list again in the future for sure.

[mindrust]

Well.. I am not sure about it. The last time we had such crazy P/E ratios was in late 90s, during the dot-com bubble. And I agree that some of the companies can have such crazy ratios during the initial years. But there is no such justification for Tesla, which is more than a decade old (the Tesla IPO came out on 29th June 2010, while Musk made his investment in 2004 in the form of venture capital funding.

The next crash we are going to have will make the dotcom crash look like babies playing in kindergarten.

Too many zombie companies that should have gone bankrupt are still alive and there are also other companies (you may call them shitcoins) without a good product are valued in billions.

Either they will go down or the Dollar goes down. If the Dollar goes down they they will go down anyway so the choice to be made is very clear.

[cheezcarls]

Elon Musk becomes world's richest person, Tesla becomes world's most valuable.

Tesla: https://twitter.com/teslaownersSV/status/1347201514930991105?s=19

Elon Musk: https://twitter.com/elonmusk/status/1347204459147902978?s=19

For more information: https://www.google.com/amp/s/m.hindustantimes.com/business-news/elon-musk-crowned-world-s-wealthiest-here-are-9-other-richest-persons-on-the-planet/story-F5f02hIZ4B08hdyPvD0iHM_amp.html

     
     WHAT HAS HAPPENED?
Elon Musk edge past Amazon founder Jeff Bezos to grab the title of world's richest person, according to Bloomberg.

Elon’s story is one of the most inspiring ever. Others would say that it’s impossible for him to do this, do that, etc. Yeah right, but he did it! Thinking outside of the box! He deserve to get past Jeff Bezos as the world’s richest person. Well done Elon!

[Chrystora123]

Tesla hasn't overtaken Amazon yet.  You can see that the current Tesla market cap is around $ 834.17B while Amazon market cap is around $ 1.6T.  Tesla is predicted to overtake Amazon in the next few years when the world is relying on electric vehicles (not now)..

[Kong Hey Pakboy]

Elon Musk becomes world's richest person, Tesla becomes world's most valuable.

Tesla: https://twitter.com/teslaownersSV/status/1347201514930991105?s=19

Elon Musk: https://twitter.com/elonmusk/status/1347204459147902978?s=19

For more information: https://www.google.com/amp/s/m.hindustantimes.com/business-news/elon-musk-crowned-world-s-wealthiest-here-are-9-other-richest-persons-on-the-planet/story-F5f02hIZ4B08hdyPvD0iHM_amp.html

     
     WHAT HAS HAPPENED?
Elon Musk edge past Amazon founder Jeff Bezos to grab the title of world's richest person, according to Bloomberg.

Elon’s story is one of the most inspiring ever. Others would say that it’s impossible for him to do this, do that, etc. Yeah right, but he did it! Thinking outside of the box! He deserve to get past Jeff Bezos as the world’s richest person. Well done Elon!

Indeed. It is very unbelievable and surprising that Elon Musk has surpassed Jeff Bezos, the CEO of Amazon as the world's richest person, and many more like Warren Buffet, Mark Zuckerburg, Bill Gates, etc. But Tesla didn't win over Amazon because it is only about the richest person that it might take long for Tesla to overtake Amazon.

[Wenbing]

     
     WHAT HAS HAPPENED?
Elon Musk edge past Amazon founder Jeff Bezos to grab the title of world's richest person, according to Bloomberg.

I personally believe that if only TESLA can make Elon Musk to be the richest man in the world, SpaceX and Neauralink plus others could make him a trillionaire in the nearest future.

Imagine, what will become the valuation of SpaceX once the success is becoming visible and massive.

Elon Musk is the father of modern entrepreneurs...

[Viscore]

Not really a big deal because they are not in the same industry, maybe Tesla is in demand now but things could change in the future. Maybe I would be interested if you'll say a certain crypto asset overtake another crypto asset as there's really a competition since they are in the same crypto market.

Let's just be happy for Elun Musk as his invention is really useful, and he still has a lot of ongoing projects that might be successful in generating big income, and that might cement him to be the richest.

But, I think we should focus on making satoshi as the richest if we can make bitcoin pump higher and higher.